Current Attempt in Progress Sage Hill Ridge Corporation was organized on January 1, 2018. During its first year, the corporation issued 47,000 shares of $5 par value preferred stock and 420,000 shares of $1 par value common stock. At December 31, the company declared the following cash dividends: 2018 $8,100 2019 $33,500 2020 $71,500 (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 5% and not cumulative. Preferred. 2018 $ 2019 2020 Save for Later Common Total Attempts: 0 of 1 used Submit Answer